Archive for March, 2008
Primary dealers borrow $37 billion from Fed
Friday, March 28th, 2008Investment banks and broker dealers borrowed more than $30 billion a day from the Federal Reserve’s discount window this past week, but showed only tepid interest in a separate 28-day lending facility from the Fed that got under way on Thursday. The 20 primary dealers borrowed $37 billion from the discount window on Wednesday, $8.2 [...]
Sirri’s Testimony Concerning Municipal Bond Turmoil
Thursday, March 20th, 2008The following is a speech by Erik R. Sirri, Director, Division of Trading and Markets, US Securities and Exchange Commission, before the Committee on Financial Services, US House of Representatives in Washington, DC. Chairman Frank, Ranking Member Bachus and Members of the Committee:
The Greenwich Global Hedge Fund Index returned 2.21% in February
Thursday, March 20th, 2008The Greenwich Global Hedge Fund Index (GGHFI) returned 2.21% in February, rebounding from January’s -2.79% worst return since 2002, Greenwich Alternative Investments has announced.